InMed Pharmaceuticals Inc (NASDAQ:INM) does about 6.66M shares in volume on a normal day but saw 3784573 shares change hands in the recent trading day. The company now has a market cap of 1.18M USD. Its current market price is $0.36, marking an increase of 6.63% compared to the previous close of $0.33. The 52 week high reached by this stock is $0.78 whilst the lowest price level in 52 weeks is $0.12.
InMed Pharmaceuticals Inc (INM) has a 20-day trading average at $0.2469 and the current price is -54.74% off the 52-week high compared with 194.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2766 and its 200-day simple moving average is $0.2929. If we look at the stock’s price movements over the week, volatility stands at 16.27%, which decreases to 13.22% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.91 to suggest the stock is overbought.
The consensus objective for the share price is $20.00, suggesting that the stock has a potential upside of 98.2% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Hold the stock.
The current price level is 43.88%, 28.44%, and 21.25% away from its SMA20, SMA50, and SMA200 respectively, with the INM price moving below the 50-day SMA on current market day. InMed Pharmaceuticals Inc (INM) stock is up 22.48% over the week and 52.97% over the past month. Its price is -14.62% year-to-date and -47.64% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $6.77M.
To reach the target analysts have set, the stock logically needs to grow 98.2 percent from here.
Outstanding shares total 8.92M with insiders holding 0.58% of the shares and institutional holders owning 5.24% of the company’s common stock. The company has a return on investment of -77.92% and return on equity of -72.08%. The beta has a value of 0.73. Price to book ratio is 0.34 and price to sales ratio is 0.26.
